AIRCRAFT BILL OF SALE

This agreement has been entered into on this ___ day of ______________, 20___ by

and between ________________ (Hereinafter known as the “Buyer”) with a mailing

address of ___________________________ and ________________ (Hereinafter

known as the “Seller”) with a mailing address of ___________________________.

The parties named above agree as follows:

I. Aircraft. The Buyer agrees to purchase the aircraft from the Seller described

as:

i. Make: ___________

ii. Model: ___________

iii. Registration Number: ___________

iv. Serial Number: ___________

v. Year: ___________

Seller states that they hold legal title to the aircraft, free of all

liens/encumbrances, that will be transferred to the Buyer in the sale.

II. Price. The Buyer agrees to pay the Seller ____________ (US Dollars) and is

due upon the delivery of the Aircraft.

III. Delivery. The Buyer agrees to pay the Purchase Price and the Seller agrees

to transfer the title to the Aircraft on the ___ day of ______________, 20___.

IV. Deposit: Upon authorizing this bill of sale, the Buyer agrees to make a

deposit of ____________ (US Dollars) that is

Page 1 of 3
 ☐ Non-refundable.

☐ Refundable only under the following circumstances: _________________

______________________________________________________________

All funds recorded in the deposit shall be credited towards the purchase price.

V. Inspection Period. The Buyer shall have the right to inspect the Aircraft for

up to ____ days before the transfer of sale. The inspection shall be at the

expense of the Buyer. It is understood that after the transfer of possession the

Aircraft is being sold with no warranties by the Seller and shall be held

harmless for any defects found after the fact.

VI. Inability to Perform. If the Buyer is not able to make the payment for the

purchase of the Aircraft, this agreement shall be considered void and any

non-refundable deposits shall be kept by the Seller. If the Seller is not able to

transfer the title to the Aircraft due to damage beyond repair or seizure the

agreement should become void with all deposits being refunded to the Buyer

along with reimbursement for any due diligence costs.

VII. Taxes. Buyer agrees to pay any and all taxes imposed by local, State and

Federal governments for the transaction of the Aircraft.

VIII. Assignment. This agreement may not be assigned to anyone without the

written permission of the Buyer and Seller.

IX. Notice of Parties. The parties shall recognize each other’s mailing addresses

for any notices.

X. Laws. The agreement shall be considered legal and binding pursuant to the

laws in the State of _____________________.

Page 2 of 3
XI. Waiver. If the Buyer or Seller do not enforce any section of this document

against the other party it shall not be considered as a waiver to the excuse

them from future performance of that section or any other.

XII. Severability. The invalidity of any section of this agreement does not affect

the validity of the remaining sections thereof.

Signature Area

____________________ ____________________
Buyer’s Signature Print Name

____________________ ____________________
Buyer’s Signature Print Name

____________________ ____________________
Seller’s Signature Print Name

____________________ ____________________
Seller’s Signature Print Name

____________________ ____________________
Witness’s Signature Print Name

____________________ ____________________
Witness’s Signature Print Name

Page 3 of 3